For Quick Alerts
For Daily Alerts

Sensex Ends Lower As Banking Stocks See Deep Cuts


Benchmark indices ended the day lower with relentless selling in index heavyweight banking stocks pushing the Sensex and the Nifty lower.

Weak global cues also played spoilsport, while the government's decision on Minimum Alternate Tax for FIIs failed to have any impact on the markets. The Sensex ended the day lower by 243 points at 25,453, while the NIfty ended the day lower by 68 points.

Check Sensex gainers

Sensex Ends Lower As Banking Stocks See Deep Cuts
Shares in state-run banks hit 52-week lows including the likes of State Bank of India, Punjab National Bank and Bank of India. Banking stocks fell after the RBI issued draft guidelines for its proposed plan to change how banks calculate their lending rates.

Jindal Drilling and Aban Offshore saw their share prices gain after Petroleum Minister Dharmendra Pradhan said that the Cabinet had approved higher participation of private companies in small oil fields.

Coal India fell marginally after its output for the month of August fell. Sun Pharma managed to close higher in a falling market after an upgrade by a leading brokerage firm.

Shares in HeroMotor Corp fell after its August numbers disappointed the street. Many auto companies saw a drop in their share prices after their numbers reported for August were not very encouraging. Mahindra and Mahindra were the other losers from the auto space.

Meanwhile, markets across Asia ended the day mostly lower following poor lead from the US markets. The Japanese Nikkei and the Hang Sang were the major losers in trade.

Read more about: sensex nifty hero motocorp
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more